Environmental
Under NJ law, the seller of a property with a known underground storage tank (UST) that has leaked must:
ASell as-is without disclosure
BDisclose the UST and any known contamination as material facts and may be required to remediate under ISRA or the Spill Act✓ Correct
CSimply remove the tank but need not address any contamination
DOnly notify the buyer's lender, not the buyer
Explanation
NJ sellers must disclose known material defects including USTs and contamination. Depending on the property type (industrial/commercial), ISRA may require remediation before sale.
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